Canadian Life Companies Split Corp. (LFE) to Issue Monthly Dividend of $0.10 on June 10th

Canadian Life Companies Split Corp. (TSE:LFE) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Shareholders of record on Wednesday, June 10th will be given a dividend of 0.10 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 15.2%. The ex-dividend date of this dividend is Friday, May 29th.

Canadian Life Companies Split Stock Performance

TSE LFE opened at C$7.87 on Wednesday. The company has a fifty day moving average price of C$7.31 and a 200-day moving average price of C$7.22. The firm has a market cap of C$130.27 million, a price-to-earnings ratio of 4.52 and a beta of 3.16. The company has a debt-to-equity ratio of 141.23, a current ratio of 1.72 and a quick ratio of 1.33. Canadian Life Companies Split has a 1 year low of C$5.98 and a 1 year high of C$8.15.

About Canadian Life Companies Split

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the original issue price and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.